New Rochelle’s Sports-Talk Radio Host Arrested, Suspended from WFAN Show (audio)

New Rochelle’s Craig Carton, half of the WFAN Radio morning show’s “Boomer and Carton” was suspended from his show after being arrested yesterday. The feds accuse him of running a ponzi scheme that defrauded millions of dollars from investors who funded non-existent concert ticket re-selling companies. The Securities and Exchange Commission claims Carton hatched the scheme with a co-defendant to help pay back investors and cover his own large gambling debts. In a clip posted on YouTube, Carton spoke on his show earlier this summer about the future of gambling in sports like basketball…

Audio clip: Craig Carton

Carton is charged with securities and wire fraud, and conspiring to commit those offenses. He faces up to 45 years in prison if convicted.

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